PRIM Engagement Further Expands U.S. Reach for Altus Group
February 05 2013 - 8:24AM
Marketwired
Altus Group Limited ("Altus") (TSX:AIF) is pleased to announce that
its North American Valuation division has signed a three-year
contract with Pension Reserves Investment Management Board of
Massachusetts ("PRIM") to provide Valuation Services for the
pension fund's real estate investment portfolio. This signifies
another influential pension fund client that Altus has engaged in
the past six months, following CalPERS in 2012. This engagement is
an even further reflection of Altus' leading industry status in
providing independent, professional consultancy services, along
with proprietary data and technology.
Altus' technology platform, including DataBridge and
DataExchange, offers clients a range of unparalleled analytics that
will allow PRIM to analyze its portfolio against the competitive
universe, as well as benchmark individual property valuations
against those in the pension fund's peer group. This capability
will enable PRIM to gauge the performance of its assets against
similar properties in a specific region, resulting in greater
transparency, compliance, and risk mitigation.
"Mass PRIM's selection of Altus reinforces our belief that
clients continue to rely on our independent perspective as the
industry standard," said Robert Ruggles, President, Research,
Valuation & Advisory, USA, Altus Group. "Our ability to harness
market data and intelligence into real business value through a
wealth of proprietary technology, differentiates us in the
marketplace."
Altus' analytics platform and service offerings, including
software programs DataBridge, DataExchange, and DataEvent, continue
to attract a number of industry-leading clients in the investment
management, pension and insurance sectors.
About Altus Group's Research, Valuation & Advisory
Practice
A trusted source of independent appraisal management expertise,
analysis and market information, Altus Group's Research, Valuation
and Advisory team is the leading provider of market intelligence
and data, allowing clients to better assess ROI and manage the
risks associated with their assets. Supported by one of the most
complete market knowledge infrastructures across North America, our
professional advisors have a wide range of specialized skills,
knowledge and experience in both local and national markets. They
also have a thorough understanding of how individual market
dynamics relate to national and international trends, and they
consistently deliver solid, independent advice. RVA offers the
following services: valuation and appraisal, legal support,
decision-making support, financial due diligence, targeted
research, market information and perspective, tenant satisfaction
studies, industry benchmark reporting, and presentation materials.
For further information, visit
http://us.altusgroup.com/solutions-and-services/research--valuation-and-advisory.aspx.
About Altus Group Limited
Altus leads the global real estate industry in offering
professional real estate advisory services, data solutions and
intelligence about an organization's assets, generating a wealth of
knowledge and insight. With a staff of over 1,700, Altus has a
network of over 50 offices in a number of countries worldwide,
including Canada, the United Kingdom, the United States, Australia
and China. We operate five interrelated Business Units, bringing
years of experience and a broad range of expertise together into
one comprehensive platform: Research, Valuation and Advisory; Cost
Consulting and Project Management; Realty Tax Consulting, Geomatics
and ARGUS Software. Altus' clients include banks, financial
institutions, governments, pension funds, asset and fund managers,
developers and landlords and companies engaged in the oil and gas
industry.
About Pension Reserves Investment Management Board of
Massachusetts
The Pension Reserves Investment Management ("PRIM") Board is
charged with the general supervision of the PRIT Fund. The Pension
Reserves Investment Trust ("PRIT") Fund is a pooled investment fund
established to invest the assets of the Massachusetts State
Teachers' and Employees' Retirement Systems, and the assets of
county, authority, district, and municipal retirement systems that
choose to invest in the Fund.
Contacts: Altus Group Limited Sayla Nordin VP, Investor
Relations and Corporate Communications (416) 557-0939
www.altusgroup.com
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